Tag: vehicle

Four Reasons to Buy Used Cars

Benicio Burns 10/19/2021 0

Have you been thinking about buying a used car in Calgary? If so, you have come to the right place. In this post, we will talk about some of the top reasons people buy a used car in Calgary. To begin with, there are many of the used cars in Calgary that benefit buyers due to the lower rates to no depreciation, not to mention cheaper maintenance costs. You can find more information on the reasons below:

Depreciation

white carWe have to think this one through; new cars are not good to use as an investment because they depreciate quicker than used cars that have already begun their depreciation phase. A single dent or a few visible scratches will devalue your brand-new vehicle, and after one year of usage, it will lose its title of being new since you’ve used it already.

If you want a car that is good for investment, buy a used one. You can find them online or from car dealerships where many people sell their vehicles to get something better.

Saving Money

counting moneyIt’s always good to have more money, and buying a used vehicle that is priced half the price of new cars can certainly help you save money. When buying a new car, the price will be fixed, but many different prices can fit your budget perfectly when it comes to used cars. Specific packages and models do not limit you. Instead, you have more freedom in terms of choice variety, which means you can spend money on cars that your budget is comfortable with.

Cheaper Repairs & Maintenance Costs

Just like every vehicle in the world, including leased vehicles your car is no better, and they will need some repairing and maintenance done after using it for a while. But a used car’s repair and maintenance cost will be much cheaper than a new car. The reason for this is simple; the used car has already been broken down, and now you are just making it work again, not purchasing one from scratch. Think of it as buying a new iPhone, and the seal has been broken.

Easier to Sell

Used cars will sell easier than new cars because many people can’t afford the price of a new car, and frankly speaking, they don’t want to spend a lot of money on something that price will drop down by half within the following year. It’s also easier to sell used cars because many people buy them as a second car; therefore, they don’t need too much research on the prices.

The Bottom Line

Used cars are excellent, and we should never discount their popularity compared to new cars. There are many reasons to buy a used car in Calgary, and each buyer should know what those benefits are. So, make sure you’re aware of the advantages too! Don’t forget to share this article with your friends and family if you find it informative!…

How to Terminate a Car Lease Contract Early

Alan Olson 07/13/2019 0

Signing a car lease contract offers a much easier option of ownership compared to the regular purchase process. According to experts, it basically allows the lessee to pay for a number of charges, such as taxes, insurance, and lease rates, without having to pay for the entire ownership. In short, they always have an option to return the vehicle to the dealer once the contract expires. However, most of them who sign the contract with the dealer often change their mind about the vehicle and demand a termination.

While it should not be a problem at all, the actual condition proves to be an issue. It is not easy to get out of car lease early unless you are willing to pay a great amount of money to cover the charges issued by the leasing company. Most people find it burdensome that they are forced to continue using the vehicle until the contract expires. What they do not understand is that there are ways to terminate a car lease contract early easily. Professional help might be necessary, but if you want to do it yourself, it still takes your time, money, and effort.

two women sitting on top of a car

Transfer the Lease

The first option you have is a lease transfer. You need to transfer the contract to someone else’s name after making a deal with that person. For this option, you need a professional service to help you handle the process. While it turns out to be a great option, you need to remember that your name is technically is still on the contract, indicating that you are still a lessee, according to the dealer’s term, and still need to pay if that person you transfer the contract to stops making payments. You also need to pay the transfer fees, which range from $50 to $500.

Sell the Vehicle

Another option is to sell or trade the vehicle. Most people are not aware of this, but it is also something you can do. One reminder for you is that it is going to be a lot of work, starting from finding a buyer, making inquiries about the car’s payoff amount, and taking care of the contract termination by contacting the leasing company instead of the dealer.

Return the Car

The easiest option is probably to return the car to the leasing company and pay for penalties. While it proves to be the easiest option, most people prefer to avoid this option since they need to pay a considerate amount of money. However, a rough calculation proves that this option is not exactly less profitable compared to the other options.…